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BAR reports closing statistics

According to a residential closing statistics report recently released by the Bartlesville Association of Realtors, home sales in October were up from October of last year.

Both the number and average price of homes sold in October increased from October of last year. A total of 51 homes were sold in October with an average price of $138,500, compared to the 49 homes sold in October 2011 with an average price of $115,175.

Total monthly closings for October were $7,063,536. In October 2011, total monthly closings were $5,643,588. Year-to-date totals were $89,213,522, up from last year’s year-to-date totals of $83,813,853.

A total of 640 homes were sold this year. Last year, year-to-date totals were 644 homes sold. Homes were on the market for an average of 49 days, 10 days less than the average of 59 days on the market this time last year.

BAR President Sharon Fouts was unavailable for comment.

Currently, there are 346 active listings. At this time in 2011, there were 368 active listings.